Qurate Retail, Inc. (NASDAQ:QRTEA) Sees Large Increase in Short Interest

Qurate Retail, Inc. (NASDAQ:QRTEA) was the recipient of a large increase in short interest in December. As of December 15th, there was short interest totalling 5,050,000 shares, an increase of 29.5% from the November 30th total of 3,900,000 shares. Based on an average daily volume of 2,630,000 shares, the days-to-cover ratio is currently 1.9 days. Currently, 1.4% of the company’s shares are sold short.

Qurate Retail Trading Down 6.3 %

Shares of QRTEA opened at $0.34 on Friday. Qurate Retail has a 12 month low of $0.31 and a 12 month high of $1.80. The stock’s 50-day moving average is $0.43 and its two-hundred day moving average is $0.56. The company has a debt-to-equity ratio of 8.74, a current ratio of 1.22 and a quick ratio of 0.73. The stock has a market cap of $134.05 million, a PE ratio of -0.48 and a beta of 2.63.

Wall Street Analyst Weigh In

Separately, StockNews.com started coverage on shares of Qurate Retail in a research note on Wednesday. They issued a “hold” rating on the stock.

Hedge Funds Weigh In On Qurate Retail

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. DoubleLine ETF Adviser LP increased its stake in Qurate Retail by 97.3% during the 2nd quarter. DoubleLine ETF Adviser LP now owns 39,056 shares of the company’s stock worth $25,000 after buying an additional 19,265 shares during the period. Virtu Financial LLC increased its position in shares of Qurate Retail by 76.6% during the third quarter. Virtu Financial LLC now owns 91,779 shares of the company’s stock worth $56,000 after acquiring an additional 39,807 shares during the last quarter. Mackenzie Financial Corp lifted its stake in shares of Qurate Retail by 100.9% in the second quarter. Mackenzie Financial Corp now owns 104,936 shares of the company’s stock worth $66,000 after acquiring an additional 52,706 shares in the last quarter. Victory Capital Management Inc. boosted its holdings in Qurate Retail by 246.4% in the third quarter. Victory Capital Management Inc. now owns 161,293 shares of the company’s stock valued at $98,000 after purchasing an additional 114,736 shares during the last quarter. Finally, Kovitz Investment Group Partners LLC acquired a new stake in Qurate Retail during the 3rd quarter valued at approximately $101,000. 64.10% of the stock is owned by institutional investors and hedge funds.

Qurate Retail Company Profile

Qurate Retail, Inc, together with its subsidiaries, engages in the video and online commerce industries in North America, Europe, and Asia. The company markets and sells various consumer products primarily through merchandise-focused televised shopping programs, Internet, and mobile applications. It also operates as an online retailer offering women's, children's, and men's apparel; and other products, such as home, accessories, and beauty products through its app, mobile, and desktop applications.